ACQUISITION OF RIGHT DEAL LIMITED

21 August 2009
JE00B3FMYW12
TradeLabs PLC
(PLUS: TLAP)
("TradeLabs" or "the Company")
ACQUISITION - RIGHT DEAL LIMITED
The Directors of TradeLabs PLC, the algorithm trading and distribution company, are pleased to announce the
acquisition of Right Deal Limited ("RDL").
Under the terms of the acquisition, TradeLabs will pay up to USD 1,250,000 for 100% of the shares of Right
Deal Limited. Approximately USD 28, 500 of the total consideration will be paid in shares to the sole
Director of RDL against a director's loan, and the total number of shares that will be issued will be
5,050,505 New Ordinary Shares of TradeLabs at 15 pence per share (based on the current exchange rate of
USD 1.65). The remaining consideration will be paid on an earn-out basis, assuming certain financial
milestones are achieved. The terms of the earn-out are conditional on the pre-tax results of each of the
three financial years ending 31 December 2011, exceeding USD 250,000 and will be paid as 50% in cash and
50% by the issue of share options. Each tranche of options issued will have an expiry date three years
after their issuance and the option terms will also be announced to the market at that time.
RDL is a Hong Kong based IT distribution company established in 2002, providing both hardware and software
to primarily to customers in the Far East but also to the Middle East and Europe. It has recorded an
unaudited gross profit of USD 506,613 over the six months ended 30th June, 2009. The audited pre-tax
profit for the year ended 31 December 2008 was USD 80,257 compared with a profit of USD 60,941 in 2007.
RDL's turnover for the year ended 31 December 2008 was USD 56,237,184 compared with a turnover of USD
30,369,959 for 2007.
The Directors of TradeLabs believe that as the IT and software technology sectors draw closer together,
the opportunities for both companies to find new customers and markets will increase. Hong Kong is a
high growth area in which the Company wishes to expand its operations, therefore this acquisition will
be of great benefit.
Niraj Goel, CEO of TradeLabs, said: "It is the nature of private companies that their commercial value is
frequently understated. Right Deal's proven underlying profitability makes it an ideal fit with
TradeLabs. We see Right Deal working closely with our Singapore office to market and sell the TradeLabs
programmed trading terminals in Hong Kong and mainland China."
Tristan Tabori, the majority shareholder of Right Deal Limited, said: "Right Deal LTD is delighted to be
joining forces with TradeLabs PLC, a company with a strong vision coupled with sound technology.
Together we will be stronger and able to reach new market segments currently missing from both
companies' business portfolios. We look forward to strong business growth coming from the synergies
generated by this acquisition."
Following this transaction the total number of shares in issue is 205,050,505 ordinary shares and the
Directors continue to hold 165,260,279 representing 80.59% of the issued share capital. The new shares
will rank equally with existing Ordinary Shares and will be issued on Tuesday 25th August 2009.
The Directors of the Issuer accept full responsibility for the contents of this announcement.
Contact details:
TradeLabs PLC
Marcus Yeoman +44 (0)7970 028442
Investor Relations
Claire Hocken +65 8135 1831
St. Helen's Capital Plc
Duncan Vasey/Mark Anwyl +44 (0) 207 628 5582